United Airlines Announces $1.5 Billion Share Buyback After Surpassing Q3 Earnings Expectations

The airline's earnings per share outperformed forecasts, while it anticipates strong fourth-quarter results amid evolving market dynamics.

United Airlines reported a third-quarter adjusted earnings per share of $3.33, exceeding analysts' expectations of $3.17.
The company plans to initiate a $1.5 billion share buyback, its first since the pandemic, as part of a strategic financial move.
United's revenue for the third quarter was $14.84 billion, slightly above the anticipated $14.78 billion.
Despite a 15% drop in net profit compared to last year, United saw positive revenue trends due to reduced competition from budget carriers.
United forecasts a fourth-quarter adjusted EPS between $2.50 and $3.00, aligning with market predictions.